Audit services

International Financial Reporting Standards (IFRS) (Convertion to IFRS/GAAP)

Synergy IFRS group can assist your conversion to IFRS by providing the appropriate resources, knowledge and practical support in the following areas:

Accounting and Reporting

  • Development of new IFRS accounting policies and procedures
  • Gap analysis between information required and currently available
  • Consideration of impact on statutory reporting and tax accounting

Systems and processes

  • Identification of changes required to source systems
  • Understanding the impact on other strategic initiatives in your company
  • Understanding steps to support parallel reporting

Business

  • Understanding the financial and business impacts of IFRS conversion
  • Determination of possible actions to mitigate the volatility of results under IFRS
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